USC Dornsife College Of Letters Arts and Sciences

University of Southern California

Financial Assistance During COVID-19 Pandemic

Financial Assistance During COVID-19 Pandemic

Financial Assistance During COVID-19 Pandemic

The COVID-19 pandemic has had a significant economic impact on many individuals and families. The USC Cecil Murray Center is offering “Financial Empowerment Through A Crisis” webinars through faith communities throughout Los Angeles. All webinars are open to the public. Join us to find out more about how to manage your finances and about resources available during this time.

Below is a list of assistance programs, with links for more information. You can also find general resources on budgeting and personal finances here.

COVID-19 Financial Assistance Programs

LA City Rental Assistance –  DEADLINE: July 17

Applications for the City of Los Angeles Emergency Renter Assistance Program will be accepted from Monday, July 13 at 8 am through Friday, July 17 at 11:59 pm. Subsidies will be provides to randomly selected applicants. Applicants must be residents of City of Los Angeles, regardless of immigration status; have proof of tenancy; have had household income at or below 80% of Area Median Income prior to COVID-19 crisis; and prove loss or reduction of income due to COVID-19. Click here for more information or download flyers in English and Spanish.

Stimulus Payments
As part of the federal CARES Act, individuals may be eligible to receive payments from IRS of up to $1,200 per individual in 2020 and for $500 per qualifying child in 2021.

California Pandemic Unemployment Assistance
As part of the federal CARES Act, the new Pandemic Unemployment Assistance (PUA) program helps unemployed Californians who are business owners, self-employed, independent contractors, have limited work history, and others not usually eligible for regular state UI benefits who are out of business or services are significantly reduced as a direct result of the pandemic.

Mortgage Relief
A new federal law put in place two protections for homeowners with federally or Government Sponsored Enterprise (GSE)-backed mortgages. The Consumer Financial Protection Bureau provides information on these programs, plus information if you don’t have a federally or GSE-backed mortgage.

COVID-19 Renter Protections
To assist residential renters who have been economically impacted by the Coronavirus, the Mayor and the City Council have adopted tenant protections on evictions and rent increases in the City of Los Angeles.

SoCal Gas CAREs 20% Discount Assistance Program
If you have recently lost your job, even if you are receiving unemployment benefits, you may qualify for 20% off your natural gas bill with our CARE program. It only takes a few minutes to apply and no additional documentation is required.

SoCal Edison Assistance
SoCal Edison is temporarily suspending service disconnections and waiving late fees by request. If you are having trouble paying your bill, SoCal Edison encourage you to contact the SCE Customer Contact Center to talk about a payment extension or arrangement. If you have lost your job recently or your income has changed, you may also qualify for a reduced energy rate through the:

SoCal Edison $300.00 Energy Assistance Fund

  • The Energy Assistance Fund provides up to $300 to eligible customers once a year.

SoCal Edison CARE Discount Assistance Programs

  • California Alternate Rates for Energy (CARE) reduces energy bills for eligible customers by about 30%.
  • Family Electric Rate Assistance (FERA) reduces electric bills for qualified households by 18%.

Banks/Financial Organizations

Many banks are offering programs for their customers. Contact your bank or mortgage service provider for more information about programs.

CIT/OneWest Bank (sponsors of Wealth-Building Workshops) pointed to these resources as a part of the “Financial Empowerment Through a Crisis” webinar:

Website: cit.com/cit-bank/COVID-19
Deposit Account: 1-855-462-2652
Mortgage: 1-800-781-7399 or citresidentialservicing.myloancare.com

Small Business Owners & Faith Community Organizations

Small business owners, entrepreneurs, congregations and nonprofit organizations may be eligible for the Paycheck Protection Program or Economic Injury Disaster Loans (EIDL). The Cecil Murray Center spoke with Joshua Dubois, who walked faith leaders through their options and emphasized that such program are for the faith organizations in this video interview.

Below the interview, the Murray Center also included links to more information about federal CARES Act program, links to participating financial institutions, as well as other state, local and private financial assistance programs, such as the LA Regional COVID-19 Fund.

Please click here to see more information on COVID-19 Resources for Faith Communities.